Expand Energy’s “Just in Time” Program Equals “Profits on Demand”

One year ago in March 2024, MDN told you about a new strategy by Chesapeake Energy (now Expand Energy) to drill new shale gas wells but leave them offline (see Chesapeake Brings Japanese “Just in Time” Concept to Gas Wells). As explained in that article, the company does more than drill DUCs (drilled but uncompleted wells). They complete the wells but do not “turn them inline” (or TILs), meaning they aren’t yet connected to the pipeline network. In writing about the strategy, Bloomberg called it "suspended animation wells," noting the company planned to use that strategy for 80 wells in 2024 (see Chesapeake Plans to Place 80 Wells into “Suspended Animation”).

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